The shares of the pharmaceutical company specializing in the pharmaceutical and biotechnology sectors, focusing on the research, development, manufacturing, and marketing, are in focus as the stock has rallied upto 19 percent in the day’s trade. In this article, let’s explore the reason behind the rally.

With a market capitalization of Rs. 25,068.27 crores on Monday, the shares of Wockhardt Ltd rose by 19 percent, reaching a high of Rs. 1589.50 per share compared to its previous closing price of Rs. 1335.45 per share.

Reason for the Rally

Wockhardt’s rally on Monday comes on the back of a recent clarification from the White House, which suggested that countries that have an existing trade deal with the US will be exempted from the pharma tariff.

When the U.S. announced new tariffs

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